Avril Company makes collections on sales according to the following schedule: 40% in the month of sale
Question:
40% in the month of sale
56% in the month following sale
4% in the second month following sale
The following sales have been are expected:
Expected _________________Sales
January.......................$150,000
February.....................$160,000
March........................$150,000
Budgeted cash collections in March should be budgeted to be:
a. $155,600
b. $149,600
c. $150,600
d. $150,000
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a 155600 Therefore budgeted cash collection in march is 155600 Particula...View the full answer
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